{"abstract":"The Securities and Exchange Commission is proposing two rules to improve public disclosure of order routing and execution practices. Under proposed Rule 11Ac1-5, market centers that trade national market system securities would be required to make available to the public monthly electronic reports that include uniform statistical measures of execution quality on a security-by-security basis. Under proposed Rule 11Ac1-6, broker-dealers that route orders in equity and option securities on behalf of customers would be required to make publicly available quarterly reports that describe their order routing practices and disclose the venues to which customer orders are routed for execution. In addition, broker-dealers would be required to disclose to customers, on request, where their individual orders were routed for execution. By enhancing disclosure of order routing and execution practices, the proposed rules are intended to promote fair and vigorous competition among broker-dealers and among market centers. Finally, this release discusses a number of measures that the Commission currently is considering to strengthen quote and price competition in the securities markets.","action":"Proposed rules.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2000/08/08/00-19729.html","cfr_references":[{"chapter":null,"citation_url":null,"part":240,"title":17}],"citation":"65 FR 48406","comment_url":null,"comments_close_on":"2000-09-22","correction_of":null,"corrections":[],"dates":"Comments are due on or before September 22, 2000.","disposition_notes":null,"docket_ids":["Release No. 34-43084","File No. S7-16-00"],"dockets":[],"document_number":"00-19729","effective_on":null,"end_page":48434,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2000/08/08/00-19729.xml","html_url":"https://www.federalregister.gov/documents/2000/08/08/00-19729/disclosure-of-order-routing-and-execution-practices","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/00-19729?publication_date=2000-08-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2000-08-08/00-19729/mods.xml","not_received_for_publication":null,"page_length":29,"page_views":{"count":189,"last_updated":"2026-04-16 14:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2000-08-08/pdf/00-19729.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2000-08-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2000/08/08/00-19729.txt","regulation_id_number_info":{"3235-AH95":{"issue":"200010","html_url":"https://www.federalregister.gov/regulations/3235-AH95/disclosure-of-order-routing-and-execution-practices","title":"Disclosure of Order Routing and Execution Practices","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200010&RIN=3235-AH95&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3235-AH95"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-13T00:15:50Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":48406,"subtype":null,"title":"Disclosure of Order Routing and Execution Practices","toc_doc":"Order routing and execution practices; disclosure","toc_subject":"Securities:","topics":["Reporting and recordkeeping requirements","Securities"],"type":"Proposed Rule","volume":65}